SIA "Mastertherm"Active
Key figures
Ratios
2025Balance sheet structure
Summary of financial statements2012–2025
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||||
| Total current assets | 9474 | 11 357 | 23 260 | 20 060 | 24 693 | 41 261 | 95 439 | 114 188 | 66 608 | 67 595 | 61 378 | 17 151 | 12 653 | 29 541 |
| Total non-current assets | 0 | 0 | 40 513 | 32 136 | 22 650 | 15 273 | 22 865 | 21 276 | 12 116 | 14 511 | 15 400 | 13 018 | 15 542 | 11 583 |
| Total assets | 9474 | 11 357 | 63 773 | 52 196 | 47 343 | 56 534 | 118 304 | 135 464 | 78 724 | 82 106 | 76 778 | 30 169 | 28 195 | 41 124 |
| Balance sheet — liabilities and equity | ||||||||||||||
| Current liabilities | 9524 | 11 528 | 66 140 | 63 728 | 89 993 | 117 625 | 78 925 | 62 020 | 67 100 | 85 064 | 111 032 | 62 007 | 41 963 | 21 715 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 9524 | 11 528 | 66 140 | 63 728 | 89 993 | 117 625 | 78 925 | 62 020 | 67 100 | 85 064 | 111 032 | 62 007 | 41 963 | 21 715 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -52 | -121 | -2124 | -10 182 | -32 445 | -18 755 | 100 470 | 34 065 | -59 162 | -14 582 | -31 296 | 2416 | 18 070 | 33 177 |
| Total equity | -50 | -171 | -2367 | -12 549 | -44 994 | -63 749 | 36 721 | 70 786 | 11 624 | -2958 | -34 254 | -31 838 | -13 768 | 19 409 |
| Income statement | ||||||||||||||
| Sales revenue | 6160 | 4800 | 10 978 | 56 706 | 86 961 | 120 067 | 396 045 | 689 437 | 543 143 | 711 538 | 632 429 | 393 788 | 442 104 | 549 978 |
| Operating profit | -37 | -58 | -2115 | -10 109 | -31 724 | -18 148 | 102 079 | 34 271 | -59 055 | -14 212 | -29 456 | 3339 | 18 831 | 34 496 |
| Profit before income tax | -52 | -121 | -2124 | -10 182 | -32 445 | -18 755 | 100 842 | 34 157 | -59 096 | -14 508 | -30 895 | 2601 | 18 222 | 33 441 |
| Profit for the reporting year | -52 | -121 | -2124 | -10 182 | -32 445 | -18 755 | 100 470 | 34 065 | -59 162 | -14 582 | -31 296 | 2416 | 18 070 | 33 177 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||||
| Employees | 0 | 0 | 1 | 6 | 11 | 7 | 10 | 7 | 8 | 13 | 12 | 10 | 13 | 12 |
| Calculated dividend | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
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Summary: SIA "Mastertherm"
Overview
SIA "Mastertherm" (reg. no. 40103560214) is a limited liability company. The company was registered in 2012 and has been in the register for 14 years. Registered address: Bauskas nov., Iecava, Sila iela 10 - 9.
Financial results
Revenue in 2025 was 549 978 €, up 24,4% on the previous year (442 104 €). From 2012 to 2025, revenue grew by an average of 41,3% per year. Net profit for 2025 was 33 177 € (6,0% of revenue). The company was profitable in 5 of the 14 published years. In 2025 the company had 12 employees (13 a year earlier). Revenue per employee was 45 832 €. At the end of 2025, total assets were 41 124 € and equity 19 409 € (47,2% of assets).
Management and owners
The company has one board member. The sole owner of the company is a private individual.
Data sources and freshness
Register data (name, address, legal form, board and owners) and annual report figures come from the open data of the Register of Enterprises of the Republic of Latvia (CC0); entity.lv updates them daily. Data as of 03.11.2026. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.